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Keppel and other industry leaders to develop CCUS and hydrogen value chains

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By Keppel

January 17, 2024

CaptureStorageUtilization

Chevron Singapore Pte Ltd, Keppel, Pan-United Corporation, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy have signed a Memorandum of Understanding to collaborate on lower carbon opportunities to support Singapore’s aspiration of achieving net-zero emissions by 2050.

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CGG, a global technology and HPC leader, and C-Questra, an independent European operator specializing in the CO2 storage value chain, have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS).

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ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. 

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PTTEP will utilize its knowledge and experience to conduct a study on carbon storage potential in the Northern Gulf of Thailand together with INPEX CORPORATION under an international collaboration between the Thai Department of Mineral Fuels (DMF) and Japan Organization for Metals and Energy Security.

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Petrofac has begun a multi-million-dollar front-end-engineering design (FEED) for the Netherlands’ flagship carbon transport and storage (CCS) system, Aramis. The development marks a significant step towards achieving the European Union’s decarbonisation targets announced in the European Green Deal and the Dutch Climate Agreement.

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Gov. John Bel Edwards and Louisiana Department of Natural Resources Commissioner of Conservation Monique M. Edwards announced the U.S. Environmental Protection Agency (EPA) has formally granted Louisiana state primacy in the permitting and regulation of wells and projects involving the underground sequestration of carbon dioxide (CO2).

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Overseas Shipholding Group, Inc. (OSG) announced that it has been awarded a $400,000 grant from the United States Department of Energy to study the development of its proposed Tampa Regional Intermodal Carbon Hub.

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Government sets out plans for a new competitive UK carbon capture, usage and storage market by 2035 - delivering new jobs and supporting net zero.

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California Resources Corporation and its carbon management business, Carbon TerraVault, announced that the U.S. EPA released draft Class VI well permits for underground CO2 injection and storage in CTV’s 26-R reservoir located within the CTV I CCS vault at the Elk Hills Field in Kern County, California.

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Canada Growth Fund Inc. (“CGF”) and Advantage Energy announced that CGF has entered into a strategic investment agreement with Entropy Inc., a Calgary-based developer of technologically-advanced carbon capture and sequestration (“CCS”) projects with the potential to significantly reduce emissions in Canada and worldwide.

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PTT Global Chemical Public Company Limited (GC) signed a Memorandum of Understanding with Mitsubishi Heavy Industries (MHI) to jointly study the technologies required to develop a large-scale petrochemical complex that aims to support Thailand’s Carbon Neutrality by 2050.

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The U.S. DOE Office of Fossil Energy and Carbon Management announced $45.6 million in federal funding for nine projects that will advance CO2 capture technologies and help establish the foundation for a successful carbon transport and storage industry in the United States.

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Woodside Energy has signed a non-binding Memorandum of Understanding with four Japanese companies (Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement Co. Ltd and Kawasaki Kisen Kaisha) to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia.

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The U.S. DOE Office of Fossil Energy and Carbon Management announced seven semifinalists for the development phase of the Direct Air Capture Pre-Commercial Prize to receive a total of $1.05 million in cash awards and technical assistance for technology solutions that reduce CO2 pollution by removing it directly from the atmosphere.

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Summit Carbon Solutions announced that it has acquired 80% of the Right-of-Way (ROW) needed for its proposed carbon capture, transport, and storage project across North Dakota.

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The signing of a memorandum of understanding between Santos, JX Nippon Oil & Gas Exploration Corporation (JX) and ENEOS paves the way for a joint feasibility study that will evaluate the potential to capture, transport and sequester emissions from Japan, supporting expansion of the Moomba CCS project.

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Three Class VI permits have been issued by the Department of Environmental Quality (DEQ) – marking the first Class VI permits to be issued for the state of Wyoming. 

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The U.S. Department of Energy announced that it has selected Project Tundra as a recipient of Bipartisan Infrastructure Law funding through its Carbon Capture Demonstration Projects Program. The funding is under award negotiation for up to $350 million.

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Crowley and Carbon Ridge Inc with support from the U.S. Maritime Administration (MARAD) Maritime Environmental and Technical Assistance (META) program, have initiated an advanced, pilot project to reduce emissions impacts using Crowley’s Storm international container ship.

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deepC Store and Azuli agreed to jointly pursue and acquire Greenhouse Gas (“GHG”) storage acreages in offshore Australia. To further strengthen the partnership the Parties signed a letter of intent with PGS to enter into a service-for-equity agreement for the Parties to issue shares to PGS in exchange for PGS providing geological and geophysical advisory services.

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Holcim has received two awards at COP28 in Dubai for its “Carbon2Business” project in Lägerdorf, Germany, in recognition of the scalability and breakthrough innovation of its carbon capture technologies.

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enfinium announced its ambition to lead an investment of up to £800 million over the project lifecycle in carbon capture and storage (CCS) technology at one of its UK sites in West Yorkshire.

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Value Carbon and Evos have signed a Letter of Intent, for building two 2,000 m3 storage tanks for absorption liquids to accommodate Value Carbon’s growing CO2 recycling business.

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SLB and Northern Lights Joint Venture announced they have signed a memorandum of understanding with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights.

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Harbour Energy together with bp, Associated British Ports (ABP) and Cory Group have announced an exclusive commercial relationship to collaborate on the transport and storage of shipped CO2 emissions from Cory’s energy from waste (EfW) facilities.

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The study urges that climate effects of CDR beyond CO2 sequestration must be considered, including permanence of CO2 storage in trees and soils, changes in the reflectivity of landscapes, and the full suite of greenhouse gasses emissions.

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Petroleum Engineering Assistant Professor Jyotsna Sharma is leading a team of researchers that aim to develop a distributed fiber-optic sensor (DFOS) to monitor CO2 leaks and structural integrity in CCS sites and CO2 pipelines.

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Aker Carbon Capture and Aker Solutions have signed the FEED contract with Hafslund Oslo Celsio (Celsio) to develop carbon capture at the waste-to-energy facility at Klemetsrud in Oslo, Norway.

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Petroleum Development of Oman has partnered with the Global CCS Institute to support the development of a policy, legal and regulatory guidance that will support the deployment of carbon capture and storage technology in the country.

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Mitsui O.S.K. Lines and Bapco Energies announced the signing of a memorandum of understanding (MoU) for development of cross border CO2 transport and sequestration.

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